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Last year, Spotify paid out more than $11 billion to the music industry, bringing the company’s total payouts since launch to nearly $70 billion.

The milestone year reflected the “largest annual payment to music from any retailer in history,” the company announced on Wednesday in a post. In 2025, Spotify’s payout amount grew by over 10%, making the Sweden-based streamer one of the industry’s main revenue drivers.

“Big, industry-wide numbers can feel abstract, but that growth is showing up in tangible ways,” wrote Charlie Hellman, the company’s new head of music. “Despite rampant misinformation about how streaming is working today, the reality is that this is an era full of more success stories and promise than at any point in history.”

When music streaming was first introduced, there was some controversy about how much artists earn from streams. According to Spotify, independent artists and labels accounted for half of all royalties. Additionally, the company said there are currently more artists earning over $100,000 a year from Spotify alone than were getting stocked on shelves at the height of the compact disc era.

Founded in 2006, the company, with a large presence in L.A.’s Arts District, has become the world’s most popular audio streaming subscription service. The platform offers access to over 100 million tracks, podcasts and audiobooks in over 180 markets.

At the top of the year, founder Daniel Ek moved from his CEO position to become executive chairman. Spotify named two co-CEOs, Gustav Söderström and Alex Norström, in his place.

This month, Spotify raised prices for its premium subscribers in the U.S., bringing the costto $12.99 per month. Hellman disclosed that as Spotify’s audience continues to grow, the higher prices are designed to help with the company’s ongoing expansion. According to the post, Spotify makes up roughly 30% of recorded music revenue and pays out two-thirds of all music revenue to the industry. The other third gets invested back into the company to maintain an “unrivaled listening experience.”

Recently, the streamer has been focused on growing its podcasting division by opening a new recording studio in Hollywood, premiering several shows in partnership with Netflix and expanding its creator monetization program.

Separately, Spotify said it is hoping to counter new developments in AI by reinforcing a human connection between artists and fans. This includes an emphasis on more artist-powered videos, continuing to promote artists’ live shows on the platform and expanding the role of the company’s music curators. The streamer also has plans to crack down on AI-driven artists on the platform.

“AI is being exploited by bad actors to flood streaming services with low-quality slop to game the system and attempt to divert royalties away from authentic artists,” said Hellman. “We’re going to introduce changes to the systems for artist verification, song credits, and protecting artist identity. It’s critical to ensuring listeners and rightsholders can trust who made the music they’re hearing.”

Dutch firm says it expects strong growth in 2026, countering fears of an investment bubble.

Tech giant ASML has reported a quarterly record in orders of its chip-making equipment, boosting hopes for the sustainability of the artificial intelligence boom and countering fears of an investment bubble.

The Dutch firm said on Wednesday that it booked orders worth 13.2 billion euros ($15.8bn) in the final quarter of 2025, more than half of which were for its most advanced extreme ultraviolet (EUV) lithography machines.

ASML logged orders worth 7 million euros during the same period the previous year.

Net sales came to 9.7 billion euros in the October-December period, ASML said, taking sales for all of 2025 to 32.7 billion euros.

Net profit for the year was 9.6 billion euros, up from 7.6 billion euros in 2024.

The Veldhoven-based company forecast net sales of between 34 billion euros and 39 billion euros in 2026.

ASML Chief Executive Officer Christophe Fouquet said the company’s chip-making customers had conveyed a “notably more positive assessment” of the market situation in the medium term based on expectations of strong AI-related demand.

“This is reflected in a marked step-up in their medium-term capacity plans and in our record order intake,” Fouquet said in a statement.

“Therefore, we expect 2026 to be another growth year for ASML’s business, largely driven by a significant increase in EUV sales and growth in our installed base business sales.”

Fouquet also said the company would cut about 1,700 jobs, most of them at the leadership level, amid concerns work processes had become “less agile”.

“Engineers in particular have expressed their desire to focus their time on engineering, without being hampered by slow process flows, and restore the fast-moving culture that has made us so successful,” Fouquet said.

The proposed cuts, which would affect positions in the Netherlands and the United States, represent about 4 percent of ASML’s 44,000-strong global workforce.

ASML holds an effective monopoly on the production of machinery used by TSMC, Samsung Electronics, and Intel to make the most advanced AI chips.

The company sells only about 50 of its extreme ultraviolet (EUV) lithography machines each year, with each unit costing about 250 million euros.

ASML’s share price surged on Wednesday, with its stock up nearly 6 percent as of 9.30am local time.

“ASML’s latest results suggest the AI boom is still in full swing, with strong orders and a bullish outlook,” said Russ Mould, investment director at AJ Bell.

“However, job cuts in the business would suggest it is not getting carried away with the strength of current trading.”

ASML’s restructuring “looks like a sharper focus on efficiencies and different ways of working, rather than saying there isn’t enough work for existing staff to do,” Mould added.

“Nonetheless, it’s a sign that the AI craze might be trying to catch its breath.”

Tech giants such as Meta, OpenAI, Nvidia and Oracle have poured billions of dollars into AI in the expectation that the technology will deliver dramatic changes to how people work and live.

Global AI-related spending is forecast to hit $2.53 trillion in 2026 and $3.33 trillion in 2027, according to projections by technology insights firm Gartner.

The investment boom has propelled the US stock market to record highs, stoking concerns about the sustainability of huge spending on a technology whose promise remains largely unrealised.

The date was Dec. 20. It was the day everything changed for the Clippers.

Kawhi Leonard has been the leading scorer in the NBA since, averaging 31.8 points per game. James Harden has averaged 25.1 points in that stretch. The Clippers have the best scoring differential in the Western Conference over that span. They’ve been rolling.

This is where Robert Flom enters the story.

Flom is a blogger who covers the Clippers, and Dec. 20 was when he wrote the following on X: “If they go 15-3 in any stretch this season will print and eat this tweet.”

The Clippers have gone 15-3 since. True to his word, Flom printed the tweet Monday and ate it.

“Pretty crunchy,” he said.

Social media wasn’t around in 1953 or 1985, which means it’s highly unlikely anyone in Baltimore or Cleveland had to endure a crunchy moment like the one Flom put himself through on Monday night.

The 1952-53 Baltimore Bullets got into the playoffs by finishing fourth in a five-team division, in a year when eight of the NBA’s 10 teams made the postseason. The 1984-85 Cleveland Cavaliers got into the playoffs despite spending more than three months of that season holding down last place in the Eastern Conference.

Both teams started those seasons with 6-21 records. Of the 121 teams that started an NBA season with a record that bad or worse, including five this season, those Bullets (who finished 16-54) and Cavaliers (who finished 36-46) are the only two that wound up reaching the postseason.

The Clippers started 6-21 this season. The playoffs were a million miles away. Not anymore.

Going into Tuesday’s game at Utah, the Clippers are three games under .500 at 21-24. They are 10th in the West, but that would be enough to get them into the play-in tournament and give them a chance at a playoff berth.

For a team that was a half-game out of last place in the West a couple of days before Christmas, just getting back to play-in range this soon represents a minor miracle.

“We’re confident, we’re playing well, but we’ve still got to play better,” Clippers coach Tyronn Lue said after Sunday’s 126-89 romp over the Brooklyn Nets. “We still have to run through the tape and continue to execute the right way. … Overall, we’re playing well. We’ve got to keep it going.”

The Clippers, to their credit, were aware of Flom’s tweet. The Clippers’ social media team had a blast with it — all in good fun, like the tweet itself — and players couldn’t help but react when they got that 15th win in 18 games that ensured Flom would be chewing on paper for a half-hour or so.

“We gotta get him on camera,” Lue said.

“I don’t know how healthy that is for you,” Leonard said.

Clippers fans got into the act as well, chanting “eat the tweet” during Sunday’s game. It’s a feel-good story, such as it is. And there have been a few of those in the NBA this season.

Among them: Toronto started slowly but is vying for home-court advantage in the first round of the playoffs now. BetMGM Sportsbook had Phoenix’s over-under for wins this season at 30.5; the Suns have already won 27 games. The Celtics, even without Jayson Tatum, are No. 2 in the East, something few outside Boston probably expected.

The Clippers were supposed to be good, like title-contending good. Starting 6-21 was beyond unexpected. Then again, so was the turnaround. And the tweet is a neat part of why everyone seems happy in Clipperland these days, after tons of drama going back to the summer.

There was a probe of whether a business relationship between Leonard and a California company was legitimate or merely a way for the Clippers to circumvent salary cap rules, then Chris Paul being sent home in a stunning early December move, and a whole lot of losing.

Now, there’s a whole lot of winning. For the record, Flom now says the Clippers will finish 45-37. The way they’re playing, he might not have to eat those words.